OpenAI, one of the main players in the global artificial intelligence industry and the developer of the world’s most popular chatbot called ChatGPT, is likely to face costly and inconvenient reckoning due to its nonprofit origin, even though the startup’s valuation has reached the $157 billion mark. Nonprofit tax experts have been closely monitoring the […] The post OpenAI’s Nonprofit Structure Demonstrates Probability of Transformation appeared first on PaySpace Magazine ..read more

Opening a Non-Resident Bank Account in the UAE presents a valuable financial opportunity for those wanting to leverage Dubai’s thriving economy, growing e-commerce sector and favorable tax environment without residency requirements. This overview explains the steps and benefits of establishing such an account. These accounts are designed for a range of clients, including expatriates, global […] The post How to Set Up a Bank Account in UAE for Non-Residents appeared first on PaySpace Magazine ..read more

Connection is the foundation of today’s digital world. Everyone needs the internet to stay connected, and there are multiple plans for that. What we’re discussing today are the cellular plans. Cellular plans can vary between options likepostpaid Sims and Sim-only plans. And it’s crucial to make the right decision when choosing to opt for one […] The post Which is Better? Postpaid SIMs vs. SIM-Only Plans. appeared first on PaySpace Magazine ..read more

In the United Kingdom, the local economic system has returned to a growth trajectory, which put UK Prime Minister Keir Starmer on track for a modest recovery before worries about his first budget became a factor of pressure on sentiment. The data, which was published by the Office for National Statistics, indicates that in August, […] The post UK Economy Returns to Growth appeared first on PaySpace Magazine ..read more

Uniswap’s new layer-2 blockchain is called Unichain and is part of the Optimism Superchain, a network of interoperable layer-2 scaling solutions. The decentralized exchange Uniswap recently launched its own Layer 2 blockchain to enhance transaction speed and reduce costs. Dubbed Unichain, the new network is part of the Optimism Superchain, which consists of interconnected Layer […] The post Uniswap Launches Layer 2 Blockchain appeared first on PaySpace Magazine ..read more

Unified Payments Interface (UPI) transactions in India grew by 52% year-on-year, reaching 78.97 billion in the first half of 2024. A fresh Worldline report reveals the growing popularity of digital payments in India and underscores UPI’s dominance in its national digital payment ecosystem, with a 52% surge over the first six months of the year. […] The post UPI Transactions Surge 52% appeared first on PaySpace Magazine ..read more

In the United States, consumer sentiment has been deteriorating in the current month, as residents of the country continue to be frustrated with the high level of prices for goods and services. The University of Michigan’s preliminary reading on the overall index of consumer sentiment in October was recorded at 68.9. It is worth noting […] The post US Consumer Sentiment Declines appeared first on PaySpace Magazine ..read more

CoreWeave, an artificial intelligence startup that rents out chips to other companies, on Friday, October 11, announced that it has a new credit line for $650 million. The specified firm, backed by Nvidia, intends to spend the mentioned funds to expand its business and data center portfolio. Also, this startup specializing in cloud infrastructure announced […] The post CoreWeave Gets $650 Million Credit Line appeared first on PaySpace Magazine ..read more

Last quarter, BlackRock Inc. pulled a record $221 billion in total customer cash. Against the background of the mentioned result, the assets of the world’s largest money manager reached an all-time high of $11.5 trillion. It is worth noting that BlackRock is currently striving to become a one-stop shop for stocks, bonds, and, increasingly, private […] The post BlackRock Hits $11.5 Trillion of Assets appeared first on PaySpace Magazine ..read more

Wells Fargo on Friday, October 11, released information about its earnings for the third quarter of the current year. The mentioned financial institution, which is based in San Francisco and is one of the largest lenders in the United States, recorded indicators of activity in July-September 2024, partially exceeding Wall Street’s preliminary expectations for the […] The post Wells Fargo Reports Third-Quarter Earnings appeared first on PaySpace Magazine ..read more